FedEx and Nivea were among the multinational corporations to experience material financial damage from the recent NotPetya ransomware attack, according to Reuters.

Other corporations that reported material financial damage from NotPetya included:

Beiersdorf: The German consumer products provider attributed a financial shortfall in the first half of 2017 to shipping and production delays related to computer and system outages caused by NotPetya.

Maersk: The integrated transport and logistics company said its worldwide operations were affected by NotPetya.

Mondelez: The Cadbury chocolate maker reported a 5 percent drop in quarterly sales due to shipping and invoicing problems caused by NotPetya.

In addition, Cyence, a firm that specializes in cyber risk modeling, has estimated the economic costs of NotPetya total $850 million, Reuters reported.

What Is NotPetya?

NotPetya refers to malware that was used as part of a ransomware attack against global organizations on June 27.

The malware disguises itself as the Petya ransomware and demands about $300 in Bitcoin to unscramble hostage data, The Register reported. It uses a series of tools to gain administrator access on a computer and take control of other machines across a network, according to The Register.

Although many cybersecurity experts initially believed NotPetya was a form of Petya, antivirus software provider Kaspersky Lab noted the malware was “significantly different” from earlier versions of Petya. As such, Kaspersky in a blog post dubbed the malware “NotPetya.”

NotPetya, Petya and other recent ransomware attacks highlight a global cybersecurity problem that continues to escalate.

How Deep Is the Global Ransomware Problem?

In fact, many global organizations have been affected by ransomware attacks, which is reflected in a recent study conducted by technology research firm Osterman Research and cybersecurity and anti-malware software company Malwarebytes.